Subway’s US$3.35bil franchise-backed bond is largest ever
Sandwich chain Subway is selling US$3.35bil of asset-backed securities to help fund its buyout, marking the largest securitisation of its…
Altice International explores ways to cut debt
Altice International has shelved plans to sell assets in the Dominican Republic as the company continues to explore ways to…
New Petrobras chief pledges better returns
The new chief executive officer (CEO) of Brazil’s Petrobras tried to soothe investor concerns about ramping up investments during her…
Taiwan ETF boom cools as performance slows
Demand for Taiwanese exchange-traded funds (ETFs), which was booming just a couple of months ago, is falling fast as their…
Data suggests RBA likely to extend pause
Australia’s inflation came in faster than expected in April, suggesting price pressures remain stubbornly strong and bolstering the case for…
Mongolia defends plan to tap mining riches for new sovereign fund
Mongolia’s prime minister defended changes to the country’s mining laws after foreign investors raised concerns they could deter investment in…
Elliott bets on shaking up Texas Instruments
Elliott Investment Management has invested more than US$2.5bil in Texas Instruments Inc and is pushing the chip maker to improve…
Slowdown in US EV sales looks more like a blip
After an underwhelming start to the year for US electric-vehicle (EV) sales, it might seem easy to conclude that the…
Saudi Arabia taps market with US$5bil sukuk deal
Saudi Arabia raised US$5bil through the sale of US dollar-denominated sukuk as it seeks to plug a hole in its…